Pendulum Update

June 6, 2018

As the hero of one of BlondeMoney's favourite films was wont to say, life moves pretty fast. We didn't expect we would need an update to our pendulum thesis so soon, but yesterday contained a raft of red flags for the black/white swans...1. Mexico

USD/MXN smashed up through 20, with the peso losing almost 2% on the day and hitting its